(NBR) Nabors Industries - Overview
Stock: Drilling rigs, Tubular services, Drilling software, Rig equipment
EPS (Earnings per Share)
Revenue
| Risk 5d forecast | |
|---|---|
| Volatility | 50.8% |
| Relative Tail Risk | -4.88% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 0.66 |
| Alpha | -10.33 |
| Character TTM | |
|---|---|
| Beta | 2.145 |
| Beta Downside | 3.129 |
| Drawdowns 3y | |
|---|---|
| Max DD | 85.85% |
| CAGR/Max DD | -0.31 |
Description: NBR Nabors Industries December 26, 2025
Nabors Industries Ltd. (NYSE:NBR) delivers drilling and related services for on-shore and offshore oil and gas wells across the United States and internationally, operating through four segments: U.S. Drilling, International Drilling, Drilling Solutions, and Rig Technologies.
The company’s service portfolio includes tubular running (casing and tubing), torque monitoring, managed-pressure drilling, and advanced drilling-bit steering and rig-instrumentation software. Its proprietary digital platforms-ROCKit, SmartNAV, SmartSLIDE, and RigCLOUD-provide real-time rig-fleet analytics and collaborative guidance, aiming to improve drilling efficiency and reduce non-productive time.
Beyond services, Nabors manufactures and sells drilling equipment such as top drives, catwalks, wrenches, drawworks, robotic systems, and downhole tools, while also generating aftermarket revenue from its installed equipment base.
Key operational metrics (FY 2023): revenue of roughly $2.5 billion, an adjusted EBITDA margin near 15 %, and a global rig fleet of about 500 units, of which ~70 % are land-based rigs. The business is highly sensitive to oil-price cycles and U.S. rig-count trends, with capital-intensive projects and the ongoing shift toward digital drilling solutions acting as primary growth levers.
For a deeper, data-driven assessment of Nabors’ valuation dynamics, you may find ValueRay’s analytical tools worth exploring.
Piotroski VR‑10 (Strict, 0-10) 6.5
| Net Income: 206.4m TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.03 > 0.02 and ΔFCF/TA -6.07 > 1.0 |
| NWC/Revenue: 23.88% < 20% (prev 17.11%; Δ 6.76% < -1%) |
| CFO/TA 0.12 > 3% & CFO 596.3m > Net Income 206.4m |
| Net Debt (1.93b) to EBITDA (1.31b): 1.47 < 3 |
| Current Ratio: 2.09 > 1.5 & < 3 |
| Outstanding Shares: last quarter (15.3m) vs 12m ago 66.30% < -2% |
| Gross Margin: 35.14% > 18% (prev 0.41%; Δ 3473 % > 0.5%) |
| Asset Turnover: 66.41% > 50% (prev 64.26%; Δ 2.15% > 0%) |
| Interest Coverage Ratio: 3.04 > 6 (EBITDA TTM 1.31b / Interest Expense TTM 218.4m) |
Altman Z'' 0.13
| A: 0.15 (Total Current Assets 1.42b - Total Current Liabilities 680.2m) / Total Assets 4.83b |
| B: -0.38 (Retained Earnings -1.84b / Total Assets 4.83b) |
| C: 0.14 (EBIT TTM 663.7m / Avg Total Assets 4.69b) |
| D: -0.57 (Book Value of Equity -1.85b / Total Liabilities 3.27b) |
| Altman-Z'' Score: 0.13 = B |
Beneish M -2.48
| DSRI: 1.80 (Receivables 737.1m/384.7m, Revenue 3.12b/2.93b) |
| GMI: 1.16 (GM 35.14% / 40.75%) |
| AQI: 0.63 (AQ_t 0.10 / AQ_t-1 0.16) |
| SGI: 1.07 (Revenue 3.12b / 2.93b) |
| TATA: -0.08 (NI 206.4m - CFO 596.3m) / TA 4.83b) |
| Beneish M-Score: -2.48 (Cap -4..+1) = BBB |
What is the price of NBR shares?
Over the past week, the price has changed by +4.40%, over one month by +14.83%, over three months by +35.13% and over the past year by +28.46%.
Is NBR a buy, sell or hold?
- StrongBuy: 0
- Buy: 1
- Hold: 5
- Sell: 2
- StrongSell: 0
What are the forecasts/targets for the NBR price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 60.1 | -13.8% |
| Analysts Target Price | 60.1 | -13.8% |
| ValueRay Target Price | 68.8 | -1.4% |
NBR Fundamental Data Overview February 02, 2026
P/E Forward = 20.284
P/S = 0.3126
P/B = 1.6842
P/EG = -0.68
Revenue TTM = 3.12b USD
EBIT TTM = 663.7m USD
EBITDA TTM = 1.31b USD
Long Term Debt = 2.35b USD (from longTermDebt, last quarter)
Short Term Debt = 11.4m USD (from shortTermDebt, last quarter)
Debt = 2.36b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 1.93b USD (from netDebt column, last quarter)
Enterprise Value = 2.91b USD (974.2m + Debt 2.36b - CCE 428.1m)
Interest Coverage Ratio = 3.04 (Ebit TTM 663.7m / Interest Expense TTM 218.4m)
EV/FCF = -17.55x (Enterprise Value 2.91b / FCF TTM -165.6m)
FCF Yield = -5.70% (FCF TTM -165.6m / Enterprise Value 2.91b)
FCF Margin = -5.31% (FCF TTM -165.6m / Revenue TTM 3.12b)
Net Margin = 6.62% (Net Income TTM 206.4m / Revenue TTM 3.12b)
Gross Margin = 35.14% ((Revenue TTM 3.12b - Cost of Revenue TTM 2.02b) / Revenue TTM)
Gross Margin QoQ = 20.29% (prev 41.30%)
Tobins Q-Ratio = 0.60 (Enterprise Value 2.91b / Total Assets 4.83b)
Interest Expense / Debt = 2.30% (Interest Expense 54.3m / Debt 2.36b)
Taxrate = 27.99% (117.6m / 420.0m)
NOPAT = 477.9m (EBIT 663.7m * (1 - 27.99%))
Current Ratio = 2.09 (Total Current Assets 1.42b / Total Current Liabilities 680.2m)
Debt / Equity = 4.07 (Debt 2.36b / totalStockholderEquity, last quarter 579.8m)
Debt / EBITDA = 1.47 (Net Debt 1.93b / EBITDA 1.31b)
Debt / FCF = -11.66 (negative FCF - burning cash) (Net Debt 1.93b / FCF TTM -165.6m)
Total Stockholder Equity = 341.4m (last 4 quarters mean from totalStockholderEquity)
RoA = 4.40% (Net Income 206.4m / Total Assets 4.83b)
RoE = 60.47% (Net Income TTM 206.4m / Total Stockholder Equity 341.4m)
RoCE = 24.68% (EBIT 663.7m / Capital Employed (Equity 341.4m + L.T.Debt 2.35b))
RoIC = 16.51% (NOPAT 477.9m / Invested Capital 2.89b)
WACC = 5.21% (E(974.2m)/V(3.33b) * Re(13.82%) + D(2.36b)/V(3.33b) * Rd(2.30%) * (1-Tc(0.28)))
Discount Rate = 13.82% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 29.52%
Fair Price DCF = unknown (Cash Flow -165.6m)
EPS Correlation: 46.01 | EPS CAGR: 190.2% | SUE: 0.26 | # QB: 0
Revenue Correlation: 74.86 | Revenue CAGR: 11.52% | SUE: -0.25 | # QB: 0
EPS next Quarter (2026-03-31): EPS=-1.64 | Chg30d=+0.430 | Revisions Net=-1 | Analysts=1
EPS next Year (2026-12-31): EPS=-6.07 | Chg30d=-0.223 | Revisions Net=-1 | Growth EPS=-170.1% | Growth Revenue=+0.9%